$3,100,000

230 Wellington Street

Traverse City MI, 49686

Description

The Wellington Inn is a 1905 neo-classical mansion located in Northern Michigan, in the historic heart of Traverse City. Built by one of Traverse City's lumber barons, this spectacular mansion has been fully restored to it's original grandeur and features period antiques throughout the nine guest rooms, dining room, library, living room and 3rd floor ballroom. The Carriage House features two, 2 bedroom apartments and a large, underutilized event space or storage area. The Carriage House units can be rented short term or the building has potential to be converted to condominiums (per Traverse City) that can be sold individually. It has a total of 1986 sq' and the main house has a total of 9192 sq', with a combined total of 11,178 sq', which equals $277.34 per sq' including furnishings. The structure has undergone a complete restoration. Every element has been rebuilt from the foundation up through the roof. This niche property is located in a neighborhood that is with-in two blocks to fine restaurants, shops, recreational trails and the spectacular beaches of Grand Traverse Bay. The property is currently offered furnished as an upscale, turn-key B&B with owner/operator quarters on the 1st floor of the main house, but could easily be converted back to a single family residence. The property includes a unique zoning exception granted to allow events with alcohol consumption. Don't miss this opportunity to be a part of Traverse City's vibrant future!

Details

MLS#1819083
StyleIndustrial
Sub-TypeResale
StatusActive
Year1905
Days On Site409

Features

SQ Feet11,178
Story(s)1
ZoningResidential,Multi-Family

Market Activity 49686

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Area Information

StateMI
CountyGrand Traverse
CityTraverse City
Zip Code49686
AreaGrand Traverse
Listing VS Median (in 49686)
Price:
$3,100,000
low | high
Med:
$259,750
100% of Average
SqFt:
11,178
low | high
Med:
1,455
100% of Average
$ / SqFt:
$277
low | high
Med:
$217
71.658006912443% of Average
On Site:
409
low | high
Med:
95.5
100% of Average
Listing Updated: 11/15/2019
MLS Number: 1819083
Listing Provided By:
Sergent 3100000  of  Century 21 Northland-Elk Rapids
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Northern Great Lake Realtors® MLS.